AGDC cuts Alaska LNG cost estimate

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By Adnan Bajic Alaska Gasline Development Corp. (AGDC) has updated the Alaska LNG project cost estimate in a push to boost its competitiveness.

Courtesy of AGDC

The project leader AGDC noted the updated $38.7 billion cost estimate is a 12.4 per cent or $5.5 billion cost reduction off the previous $44.2 billion cost estimate, which was compiled in 2015 by the project’s previous joint venture leaders, which included BP Alaska, ExxonMobil Alaska, ConocoPhillips and AGDC.

The new estimate will enhance the competitive price of LNG from the Alaska LNG project versus similar projects vying to serve major Asian markets, AGDC said.

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